Growers hope for best in Namoi sale as Dreyfus buys 2m cheap shares

Andrew Marshall
May 29 2024 - 6:00am
Namoi Cotton shareholders and growers are watching with keen interest to see if the Louis Dreyfus Company will lob yet another bid. File photo.
Namoi Cotton shareholders and growers are watching with keen interest to see if the Louis Dreyfus Company will lob yet another bid. File photo.

Despite offering less money in the takeover battle for Namoi Cotton, the Louis Dreyfus Company has managed to increase its stake in the big ginning business, acquiring an extra 2.1 million shares this month.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

Get the latest ACT news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.